Question ID :
35842
GSTR-4 composition return
whether purchase list upload is mandatory for return Q-2 July-Sep 2018, what (Penalty) if the same are not uploaded while filing GSTR-4
Posted by
VISHAL GOLCHHA
on
Oct 13, 2018
Filed Under
GST
Serial 4A of Table 4 requires the composition dealer to furnish
details of inward supplies received from a registered supplier
(other than supplies attracting reverse charge).
Notification 26/2018-Central Tax dated 13.06.2018- Amendment to CGST Rules (Vth Amendment in 2018) States that,
in FORM GSTR-4, in the Instructions, for Sl. No. 10, the
following shall be substituted, namely:-
• “10. For the tax periods
July, 2017 to September, 2017,
October, 2017 to December, 2017,
January, 2018 to March,2018 and
April, 2018 to June, 2018,
serial 4A of Table 4 shall
not be furnished.”;
• Earlier this was waived till December, 2017.
The idea behind relaxation of finishing purchase details in Table 4A of GSTR 4 is
"since auto-population of the details of the inward supplies including supplies on which tax is to be paid on reverse charge has not taken place" as per the Press release made by Ministry of Finance on 17 APR 2018.
But, now functionality has been made and auto-drafted purchases made from registered persons based on the GSTR 1 - Outward supplies filed by the supplier are available for view purpose post login to gst portal in GSTR 4 tab.
To conclude it is mandatory to furnish inward supplies made by composite taxpayer from registered persons, in table 4A of GSTR 4 from July-September,2018 Quarter and onwards.
Regards
B Vinay Reddy
Article Assistant
Hyderabad
To subscribe for updates click on below link
https://goo.gl/oH6YpW
Posted by
B Vinay Reddy on
Oct 16, 2018
Answer ID :
74982
Initially they had declared it is mandatory. Later on it was announced it is not mandatory for July to Sep 18 Quarter.
It will become a new headache for professionals from next quarter
Posted by
Mahesh Kumar on
Oct 20, 2018